EVENT: How to Imcrease Loan Approvals (Session Code: 619)
With a nationwide economic crisis some lenders are moving to the maximization of new loans. Experimentation is on the rise in the loan-marketing arena and some lenders are pulling in borrowers by the droves. In the credit union product and service arena the buzzword is innovation. This session will look at the changed and changing lending landscape for
credit unions. What are credit unions doing innovation-wise and what should credit unions be doing to increase loan approvals?

This session will address:

· The “new” credit union loan marketplace
· Why credit unions can’t afford to be left standing when the music stops
· What are some of the experimental consumer loan characteristics
· Auto loans – New - Used
· Dealing with low wealth borrowers
· Different types of personal loans
· FICOs and RBL
· No credit checks
· Consumer loan products
· What must we equip our loan officers with
· Where should we be looking to hire new loan officers?


Illinois Pricing:
Regular: $ 169.00

Out of State Pricing:
Regular: $ 169.00

Contact: Greg Framarin (Illinois Credit Union League)
Phone: 630-983-3420
Fax: 630-983-3212
Email: gregory.framarin@ilcusys.org

Speaker: Rick Menton
Speaker Bio:
 Rick Menton Rick is the president of Menton Consulting, Inc., Tulsa, Oklahoma. His consulting practice focuses on providing credit unions with project management assistance, executive recruitment, strategic management and planning facilitation and seminar and workshop presentations. Prior to forming Menton Consulting, Inc., he spent 23 years with the Minnesota and Oklahoma Credit Union Leagues in senior management positions. Additionally, he has worked as a lender, collector, mortgage lender and marketing executive for credit unions and consumer finance companies.

He has served as a trustee and chair of Consumer Credit Counseling of Minnesota. And, he has served as a member of various CUNA and CUNA Mortgage committees and subcommittees.

In 2003 he was recognized by the Mayor of Tulsa as a “Hometown Hero”…as a citizen instrumental in assisting in the acquisition of business events beneficial for the Tulsa economy.

He is a graduate of the University of Minnesota with a B.A. in communications. Also, he is a graduate of the University of Wisconsin’s League Management Institute (CLE). He has attained his Certified Credit Union Executive designation (CCUE) from CUNA.


He has made presentations for credit union associations, leagues, networks and credit unions in 43 states. Additionally, he has made presentations for CUNA, the World Council of Credit Unions, the Combined Auto Council of Credit Unions and other non-profit businesses.

Location(s):

Location 1:
Telephone - August 11, 2010: 10:00 am Central
Duration: 2 Hours

Online registration for this event has ended.